USD/CAD Price Analysis: Greenback remains weak vs. Canadian dollar
by Flavio Tosti- USD/CAD stays under selling pressure below the 1.4000 level.
- Further weakness can be on the cards with bears eyeing the May’s lows.
USD/CAD four-hour chart
USD/CAD is trading below the main SMAs on the four-hour chart as bears are keeping the market below the 1.4000 figure at the start of the new trading week. More weakness could see USD/CAD travelling south towards the 1.3880 level initially followed by the 1.3820 and 1.3760 levels. On the other hand, strong resistance is seen near the 1.4000 level. In case the spot breach this level, 1.4040 and 1.4080 can come into play in the medium-term.
Resistance: 1.3980, 1.4040, 1.4080
Support: 1.3880, 1.3820, 1.3760
Additional key levels
USD/CAD
Overview | |
---|---|
Today last price | 1.3987 |
Today Daily Change | -0.0013 |
Today Daily Change % | -0.09 |
Today daily open | 1.4 |
Trends | |
---|---|
Daily SMA20 | 1.4011 |
Daily SMA50 | 1.4089 |
Daily SMA100 | 1.368 |
Daily SMA200 | 1.3446 |
Levels | |
---|---|
Previous Daily High | 1.4049 |
Previous Daily Low | 1.3942 |
Previous Weekly High | 1.4114 |
Previous Weekly Low | 1.3867 |
Previous Monthly High | 1.4299 |
Previous Monthly Low | 1.385 |
Daily Fibonacci 38.2% | 1.4008 |
Daily Fibonacci 61.8% | 1.3982 |
Daily Pivot Point S1 | 1.3944 |
Daily Pivot Point S2 | 1.3889 |
Daily Pivot Point S3 | 1.3837 |
Daily Pivot Point R1 | 1.4052 |
Daily Pivot Point R2 | 1.4104 |
Daily Pivot Point R3 | 1.4159 |